18th Apr 2005 07:09
William Hill PLC18 April 2005 FOR IMMEDIATE RELEASE 18 APRIL 2005 Stanley Leisure plc ("Stanley Leisure") William Hill PLC ("William Hill") Potential Acquisition of Stanley Leisure's Retail Bookmaking Operations in the UK and Ireland Stanley Leisure and William Hill announce that they are in exclusivediscussions, and William Hill is conducting an associated due diligenceexercise, in relation to the possible acquisition of Stanley Leisure's retailbookmaking activities in the UK and Ireland for a price in excess of £500million. There is no certainty at this stage that the full terms of a transaction will beagreed. No further announcement is expected until the outcome of thediscussions has been determined. Enquiries: Citigroup (Financial Adviser to William Hill) (020) 7986 4000David WormsleyJan Skarbek JPMorgan Cazenove (Financial Adviser to Stanley Leisure) (020) 7588 2828Duncan HunterDavid Clasen Brunswick Group Limited (020) 7404 5959James BradleyWilliam Cullum gcg Hudson Sandler (020) 7796 4133Michael SandlerNoemie de Andia JPMorgan Cazenove Limited ("JPMorgan Cazenove"), which is authorised andregulated in the United Kingdom by the Financial Services Authority, is actingfor Stanley Leisure and no one else in connection with the matters referred toin this announcement and will not be responsible to any person other thanStanley Leisure for providing the protections afforded to clients of JPMorganCazenove, or for providing advice in relation to these matters. Citigroup Global Markets Limited ("Citigroup") is acting for William Hill and no-one else in connection with the matters referred to in this announcement andwill not be responsible to anyone other than William Hill for providing theprotections afforded to clients of Citigroup or for providing advice in relationto these matters. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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